01 Apr 2004 Pre-2014 Releases

Working Group Established to Develop Bloodtsock Industry Code of Practice

Published: 1 April 2004

A meeting was held today, under the chairmanship of Julian Richmond-Watson, Senior Steward of the Jockey Club, to discuss ways in which to increase the transparency of bloodstock transactions.

The meeting was attended by the following:

• Henry Beeby, Doncaster Bloodstock Sales
• Kirsten Rausing, European Federation of Thoroughbred Breeders’ Associations
• Andrew Mead, Federation of Bloodstock Agents GB Ltd
• Johnny McKeever, Federation of Bloodstock Agents GB Ltd
• Rupert Arnold, National Trainers’ Federation
• Chris Deuters, Racehorse Owners’ Association
• Jimmy George, Tattersalls,
• Philip Freedman, Thoroughbred Breeders’ Association
• Denis Egan, Irish Turf Club
• Tristram Ricketts, British Horseracing Board
• Julian Richmond-Watson (Chairman), The Jockey Club
• Christopher Foster, The Jockey Club
• John Maxse, The Jockey Club

It was agreed at the meeting that a working group should be established to develop a bloodstock industry code of practice which would apply to both private and public sales. The working group, to be chaired by Philip Freedman, Chairman of the Thoroughbred Breeders’ Association, will include representatives from the relevant interested parties.

Afterwards, Julian Richmond-Watson said:

“We had a very constructive meeting. The aim is to produce a code of practice which will further increase the transparency of sales transactions and promote confidence in the British bloodstock industry for the benefit of all concerned.

“Although the Jockey Club does not regulate the bloodstock industry, it will give every assistance to the setting up a code of practice and would be prepared to use its disciplinary powers to deal with breaches of the code.”

A further meeting will be held in May when the working group will report on the progress of the development of a code.

April 1st 2004